Arkle Resources PLC Exercise of Warrants (1463E)
November 03 2020 - 11:20AM
UK Regulatory
TIDMARK
RNS Number : 1463E
Arkle Resources PLC
03 November 2020
3(rd) November 2020
Arkle Resources PLC
("Arkle" or the "Company")
Exercise of Warrants
Arkle announces that pursuant to the receipt of a conversion
notice from a holder of 4,000,000 warrants exercisable at 0.50
pence each, it has today issued 4,000,000 ordinary shares of
EUR0.0025 each ("Ordinary Shares") at the exercise price of 0.50
pence per share ("New Shares").
Application will be made for the New Shares, which will rank
pari passu with the existing Ordinary Shares, to be admitted to
trading on AIM and it is expected that this will take place at 8.00
a.m. on or around 9 November 2020 ("Admission"). The proceeds of
the exercise of GBP20,000 will be used for additional working
capital.
Total Voting Rights
Following the Admission, Arkle will have 295,044,962 Ordinary
Shares in issue which will also represent the total number of
voting rights in the Company. The above figure should be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2024. The person who arranged
for the release of this announcement on behalf of the Company was
Jim Finn, Director.
A copy of this announcement is available on the Company's
website, at www.arkleresources.com
ENDS
Enquiries:
Arkle Resources PLC
John Teeling, Chairman +353 (0) 1 833 2833
Jim Finn, Finance Director +353 (0) 1 833 2833
SP Angel Corporate Finance LLP
Nominated Adviser & Joint Broker
Matthew Johnson/Adam Cowl +44 (0) 203 470 0470
First Equity Limited
Joint Broker
Jason Robertson +44 (0) 207 374 2212
Blytheweigh +44 (0) 207 138 3204
Megan Ray
Rachael Brooks
Teneo
Luke Hogg +353 (0) 1 661 4055
Ross Murphy +353 (0) 1 661 4055
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END
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